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EUSA vs. SCHM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUSA vs. SCHM

Last updated Jun 26, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and SCHM (Schwab US Mid-Cap ETF) are both Mid Cap Blend Equities funds - EUSA tracks the MSCI USA Equal Weighted Index while SCHM tracks the Dow Jones US Total Stock Market Mid-Cap. Both are passively managed. Over the past 10 years, EUSA returned 12.28%/yr vs 12.31%/yr for SCHM. Their correlation of 0.88 suggests significant overlap in exposure. EUSA charges 0.09%/yr vs 0.04%/yr for SCHM.

Performance

EUSA vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Equal Weighted ETF (EUSA) and Schwab US Mid-Cap ETF (SCHM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EUSA achieves a 10.06% return, which is significantly lower than SCHM's 22.04% return. Both investments have delivered pretty close results over the past 10 years, with EUSA having a 12.28% annualized return and SCHM not far ahead at 12.31%.

EUSA

1D
0.43%
1M
1.53%
YTD
10.06%
6M
8.62%
1Y
17.88%
3Y*
15.73%
5Y*
7.65%
10Y*
12.28%

SCHM

1D
1.96%
1M
4.00%
YTD
22.04%
6M
19.62%
1Y
34.41%
3Y*
18.54%
5Y*
8.42%
10Y*
12.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUSA vs. SCHM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUSA
iShares MSCI USA Equal Weighted ETF		10.06%10.24%14.64%17.72%-17.13%25.60%15.03%30.56%-8.58%19.02%
SCHM
Schwab US Mid-Cap ETF		22.04%10.17%11.98%16.69%-17.07%19.36%15.26%27.48%-8.77%19.60%

Correlation

The correlation between EUSA and SCHM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2011

0.88

The correlation between EUSA and SCHM has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.

EUSA vs. SCHM - Sectors Allocation Comparison

Sectors
EUSA
SCHM

Technology

20.3%
22.1%

Industrials

15.3%
21.7%

Financial Services

14.7%
10.9%

Consumer Cyclical

11.1%
10.8%

Healthcare

10.8%
10.9%

Utilities

5.4%
2.9%

Consumer Defensive

5.3%
3.4%

Real Estate

5.2%
6.4%

Basic Materials

4.3%
4.7%

Communication Services

4.0%
2.6%

Energy

3.8%
3.4%

Technology

EUSA
20.3%
SCHM
22.1%

Industrials

EUSA
15.3%
SCHM
21.7%

Financial Services

EUSA
14.7%
SCHM
10.9%

Consumer Cyclical

EUSA
11.1%
SCHM
10.8%

Healthcare

EUSA
10.8%
SCHM
10.9%

Utilities

EUSA
5.4%
SCHM
2.9%

Consumer Defensive

EUSA
5.3%
SCHM
3.4%

Real Estate

EUSA
5.2%
SCHM
6.4%

Basic Materials

EUSA
4.3%
SCHM
4.7%

Communication Services

EUSA
4.0%
SCHM
2.6%

Energy

EUSA
3.8%
SCHM
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Equal Weighted ETF

Schwab US Mid-Cap ETF

Often compared with EUSA:
EUSA vs. RSPEUSA vs. GSEWEUSA vs. VOOEUSA vs. VTIEUSA vs. ^GSPCEUSA vs. SCHGEUSA vs. ITOT
Often compared with SCHM:
SCHM vs. VOSCHM vs. SCHASCHM vs. VOOSCHM vs. IJHSCHM vs. SWMCXSCHM vs. VOTSCHM vs. SPMD

Return for Risk

EUSA vs. SCHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUSA
EUSA Risk / Return Rank: 5151
Overall Rank
EUSA Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EUSA Sortino Ratio Rank: 5050
Sortino Ratio Rank
EUSA Omega Ratio Rank: 4646
Omega Ratio Rank
EUSA Calmar Ratio Rank: 5454
Calmar Ratio Rank
EUSA Martin Ratio Rank: 5959
Martin Ratio Rank
SCHM
SCHM Risk / Return Rank: 7878
Overall Rank
SCHM Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SCHM Sortino Ratio Rank: 7777
Sortino Ratio Rank
SCHM Omega Ratio Rank: 7272
Omega Ratio Rank
SCHM Calmar Ratio Rank: 8181
Calmar Ratio Rank
SCHM Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSA vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) and Schwab US Mid-Cap ETF (SCHM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EUSASCHMDifference
Sharpe ratioReturn per unit of total volatility
1.49
2.12

-0.62

Sortino ratioReturn per unit of downside risk
2.16
2.95

-0.79

Omega ratioGain probability vs. loss probability

1.26

1.37

-0.11

Calmar ratioReturn relative to maximum drawdown

2.30

3.71

-1.41

Martin ratioReturn relative to average drawdown

9.03

14.81

-5.78

EUSA vs. SCHM - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.49, which is comparable to the SCHM Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of EUSA and SCHM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EUSA vs. SCHM - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, smaller than the maximum SCHM drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for EUSA and SCHM.

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Drawdown Indicators

EUSASCHMDifference

Max Drawdown

Largest peak-to-trough decline

-39.16%

-42.43%

+3.27%

Max Drawdown (1Y)

Largest decline over 1 year

-7.82%

-9.32%

+1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-18.20%

-23.27%

+5.07%

Max Drawdown (5Y)

Largest decline over 5 years

-25.24%

-26.46%

+1.22%

Max Drawdown (10Y)

Largest decline over 10 years

-39.16%

-42.43%

+3.27%

Current Drawdown

Current decline from peak

-0.62%

0.00%

-0.62%

Average Drawdown

Average peak-to-trough decline

-4.58%

-5.64%

+1.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

2.33%

-0.34%

Volatility

EUSA vs. SCHM - Volatility Comparison

The current volatility for iShares MSCI USA Equal Weighted ETF (EUSA) is 3.67%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 5.91%. This indicates that EUSA experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUSASCHMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.67%

5.91%

-2.24%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

12.69%

-3.60%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

16.37%

-4.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.99%

19.68%

-2.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.32%

20.49%

-2.17%

EUSA vs. SCHM - Expense Ratio Comparison

EUSA has a 0.09% expense ratio, which is higher than SCHM's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EUSA vs. SCHM - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.47%, more than SCHM's 1.21% yield.

PositionTTM20252024202320222021202020192018201720162015
EUSA
iShares MSCI USA Equal Weighted ETF		1.47%1.63%1.47%1.53%1.73%1.23%1.45%1.49%2.01%1.50%1.59%2.21%
SCHM
Schwab US Mid-Cap ETF		1.21%1.46%1.43%1.50%1.67%1.13%1.31%1.48%1.56%1.27%1.51%1.54%

Frequently Asked Questions

With a correlation of 0.93, EUSA and SCHM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SCHM has higher volatility (5.91%) compared to EUSA (3.67%). In terms of maximum drawdown, EUSA dropped -39.16% vs SCHM's -42.43%.

On 10-year performance, SCHM leads with 12.31% vs 12.28% for EUSA. On fees, SCHM is cheaper at 0.04% per year. On volatility, EUSA has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHM has performed better with a 12.31% return vs 12.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHM is cheaper with a 0.04% expense ratio, compared with 0.09% for EUSA.

EUSA has the higher dividend yield at 1.47%, compared with 1.21% for SCHM.

EUSA tracks MSCI USA Equal Weighted Index, while SCHM tracks Dow Jones US Total Stock Market Mid-Cap. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.09% for EUSA and 0.04% for SCHM.

SCHM currently has the higher Sharpe Ratio (2.12 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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